Manager - Payment Collection and Recovery for Spinning Mill

About Israq Spinning Mills Ltd.

Israq Spinning Mills Ltd., part of the renowned Ahmed Group in Bangladesh’s textile sector, seeks a seasoned Manager for Payment Collection and Recovery within the Accounts and Finance team. This role focuses on managing receivables and ensuring smooth cash flow by collecting payments from clients and banks efficiently.

Primary Responsibilities

• Proactively follow up with clients and financial institutions to secure timely payment of outstanding dues.
• Keep detailed and accurate records of all receivables and their collection status.
• Conduct visits to client offices or banks as necessary for facilitating payment collection.
• Issue official receipts and maintain comprehensive documentation for each transaction.
• Collaborate closely with sales and commercial departments to resolve payment-related concerns with clients.
• Maintain regular contact with involved parties to monitor and recover overdue payments.
• Ensure collection documentation complies with company policies and procedures.
• Generate daily, weekly, and monthly reports on collections for management review.
• Assist in the reconciliation of client accounts and bank statements associated with receivables.
• Report significantly overdue or challenging accounts to senior leadership for further action.
• Carry out other related tasks as assigned by management to support operational goals.

Educational and Experience Requirements

• A Bachelor’s or Master’s degree is required.
• A minimum of 10 years’ experience, particularly in accounts, payment collection, or receivables management.
• Experience within textile or spinning industry is essential.
• Preference will be given to candidates with backgrounds in NGOs, Grameen Bank, or financial institutions with expertise in payment recovery.

Additional Skills and Attributes

• Strong communication and negotiation aptitude.
• Ability to operate effectively under pressure and meet strict deadlines.
• Experience using ERP systems is advantageous.
• Proficiency in Microsoft Excel and email communication is mandatory.
• Demonstrates honesty, initiative, and excellent organizational skills.

Work Location

This full-time position is based in Dhaka, specifically in the Gulshan 2 area.